Ann: Company Update, page-285

Go figure eh.

Mgmt have recently completed a round of market presentations in NZ, Australia and Singapore - which surely must've included EBIDTA indications. Bottom line is, whatever they've done or said has clearly not enticed action from the sophisticated investors they've spoken with - at least it hasn't been reflected in the SP or volumes traded. I figure that IF they've targetted the right investors, the only unusual market factor that might have them ALL(?) holding off from investing (on clearly attractive numbers - despite the potential for a realignment in coal prices) is political uncertainty. They're clearly not the only potential investors, but lets see where Winston goes, and what falls out of the qtrly report.